| Income Statement for New Dragon Asia Corp (NWD) | | | | | | | Income | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Operating Revenue | 55,738 | 53,439 | 44,180 | 39,221 | 30,773 | | Adjustments to Revenue | - | - | - | - | - | | Cost of Revenue | (43,538) | (41,791) | (33,255) | (30,700) | (23,427) | | Gross Operating Profit | 12,200 | 11,648 | 10,925 | 8,521 | 7,346 | | | Selling/General/Admin Expense | (3,885) | (11,953) | (3,079) | (2,789) | (3,728) | | Research & Development | - | - | - | - | - | | EBITDA | 8,315 | (305) | 7,846 | 5,732 | 3,618 | | Depreciation & Amortization | (1,889) | (1,613) | (2,896) | (1,187) | (1,425) | | EBIT | 6,426 | (1,918) | 4,950 | 4,545 | 2,193 | | Interest Income | 41 | 67 | 8 | 3 | 4 | | Other Income, Net | 9,616 | 1,038 | 2,344 | 1,424 | 1,226 | | Total Income Avail For Interest Expense | 16,083 | (813) | 7,302 | 5,972 | 3,423 | | Interest Expense | - | - | (1,814) | (72) | (249) | | Pre-Tax Income | 16,083 | (813) | 5,488 | 5,900 | 3,174 | | Income Taxes | (1,968) | (1,657) | (1,487) | (1,296) | (447) | | Minority Interest | - | (134) | (6) | 41 | - | | Net Income from Continuing Operations | 14,115 | (2,604) | 3,995 | 4,645 | 2,727 | | Net Income from Discontinued Operations | - | - | - | - | - | | Net Income from Total Operations | 14,115 | (2,604) | 3,995 | 4,645 | 2,727 | | | Normalized Income | 14,115 | (2,604) | 3,995 | 4,645 | 2,727 | | Extraordinary Income | - | - | - | - | - | | Special Income/Charges | - | - | - | - | - | | Income from Cum. Effect of Acct Change | - | - | - | - | - | | Income from Tax Loss Carryforward | - | - | - | - | - | | Other Gains | - | - | - | - | - | | Total Net Income | 14,115 | (2,604) | 3,995 | 4,645 | 2,727 | | | Results | in Dollars (Preferred Dividends in Thousands) | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Dividends Paid Per Share | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Preferred Dividends | 2,215 | 875 | - | - | - | | | Basic EPS from Continuing Operations | 0.22 | -0.10 | 0.09 | 0.10 | 0.06 | | Basic EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Basic EPS from Total Operations | 0.22 | -0.10 | 0.09 | 0.10 | 0.06 | | | Diluted EPS from Continuing Operations | 0.21 | -0.10 | 0.08 | 0.10 | 0.06 | | Diluted EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Diluted EPS from Total Operations | 0.21 | -0.10 | 0.08 | 0.10 | 0.06 | | | |
